Who sets the spot price of silver?
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Who sets the spot price of silver

The spot silver price is traded almost 24 times a day on weekdays and closes on weekends. The spot price of silver is formed mainly due to movements in London, Zurich, New York, Chicago, China and Hong Kong. Today’s magical swings in spot prices are mostly due to COMEX.

What is a fair price to pay over spot for silver

A fair premium for silver plated bars is typically between 5% and 8%, while silver coins typically trade at a price premium of between 12% and 20%.

Can I sell my silver for spot price

Wholesale is a great way to sell silver in the local market.
Sometimes you can deposit a collection of silver bars from a reputable bullion dealer for a price you can find locally. These dealers, as usual, take these bars and sell them to people at a higher price, capitalizing on the difference.

Do bullion dealers buy at spot price

Traders of precious metals or gold know exactly how this market can fluctuate throughout the day. For this reason, traders usually try not to speculate on future prices when quoting a. Instead, they usually offer to pay our spot price for gold bars or jewelry.

What happens if the the spot price exceeds your bid price and you have running spot instances

If you are using Spot Time and the market price is higher than your actual bid price, your instance will sometimes end or stop (you will receive a new notification two minutes before another).

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What’s the current spot price of silver

Monex Live Silver Spot SilverTodayChangeSilver Price per Ounce$26.81+0.20Silver Price per Gram$0.86+0.01Silver Price per Kilogram$861.94+6.43

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Do you sell silver at spot price

You can sell your silver spot for a price. This usually takes some time, but it’s worth looking for the best deal available to you. Knowledge is the very first and most powerful weapon you have. Find out how much your money is worth and study the visitors you think are most likely.

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